Reversing the Eurozone austerity *

Sottotitolo: 
The mix austerity- structural reforms implemented with the governments complicity is miserably failed. An alternative is needed and achievable.

In our usual language austerity, applied to individuals, suggests a positive trait, a reliable personality.  Applied to the economy in Europe, it definitively evokes economic stagnation, mass unemployment and growing inequality.

The metamorphosis came up with the crisis, when the European authorities faced to the Lehman Brothers collapse in the US, imposed to the smaller countries of the eurozone periphery - Ireland, Portugal and Greece – the bail out of the respective banks in trouble. The reason was that, without their rescue, the crisis would have heavily beat their lenders: that is, the major British, German and French banks.

The result was the explosion of the budget deficit of the debtors. In simple words, the banks of the dominant countries were saved by the taxpayers of the weaker ones. The rescue resulted in a disaster for the national budgets. It was no accident that the Ireland and Spain, even though getting the minor debt in the eurozone (less than 40 per cent of GDP) were suddenly confronted with a huge, awful  increase of the debt.

Austerity
The European Commission imposed a deflationary policy to shrink the fiscal deficit, bizarrely defined with the oxymoron "expansive austerity". Austerity was progressively generalized to all eurozone, including not only Greece and Portugal, hit by a banking crisis, but also the bigger member countries, Italy and France.

In a nutshell, austerity designed a policy of raising taxes and cutting public spending: essentially, a policy condemning each country to deflation and massive rise in unemployment. An incredibly stupid and self-defeating policy destined to increase the debt –to- GDP ratio in every country at the extent that the GDP decreased. The worst blueprint to face the crisis.

To make a comparison with the 1929 crisis, we can say that the eurozone policy could be compared to the crazy deflation stance adopted by Andrew Mellon, the US Treasury, in the early Thirties. With a crucial difference. In the US, after three years of crisis, Franklin D. Roosevelt got the presidency, reversing that foolish policy and launching the New Deal. Unfortunately in Europe, the crisis continued to be dealt with by Manuel Barroso, the UE president, supported in the shadow by Wolfgang Schäuble - a Mellon of our century.

We know the dismal outcome. In 2010, unemployment was at the same level in the US and in the eurozone, that is 10 percent of the labor force.  After five years unemployment has halved in the US, hitting  5 percent, while in the euro area it continued to rise to the average 11 per cent, reaching in Greece and Spain the shocking level of 25 and 22 percent respectively. At the same time, the debt increased in all countries: more than doubling, for example, in Ireland and Spain.

The eurozone austerity failure could not have been more appalling. Other European countries outside eurozone, such as Britain, Sweden and Poland have recovered, reaching a yearly GDP growth around 3 per cent. No one can deny the failure. Meanwhile, the austerity policy has assumed a different

Reforms
Once become undeniable the fiasco of austerity, the eurozone’s authorities began to spot the solution of the crisis in the “structural reform” policy. Austerity was no longer the main target; it rather became a functional means to push the implementation of the structural reforms.

This is a crucial shift, which is often overlooked by the critics of the European policy. There are many American and European economists who criticize austerity, but explicitly or implicitly endorse the structural reforms as a central means to fuel the recovery.

In its essence, the structural reforms can be summarized in three key targets: the privatizations, the radical cuts in social spending (such as, unemployment benefits, pensions and health care); and a wild deregulation of the labor market.  with freedom of dismissal and cutting wages.

To order along a virtual hierarchy the array of the claimed structural reforms, the reduction of wages and the dismissal freedom, along with the  substantial demolition of the workers’ collective bargaining power, are by far their chief targets. It is impressive to see as eurozone authorities dictate the condition for the collective bargaining, assessing the end of the national-sectoral bargaining in order to isolate the negotiation at the workplace level, where the unilateral company’s  power is tougher, especially in a framework plagued by the high unemployment and a dismissals threat.

Spain with the Rajoy labor reforms is a sheer example of the strengthened power of blackmail of the enterprises, once they were enabled to put the alternative between a cut of the contractual wages, till 20 per cent, and the firing of a number of workers.

Shortly, the goal of structural reforms was, and continues to be, the demolition of the European social model, considered an outdated legacy of the XX century. In other terms, the eurozone authorities, profiting of union’s weakness due to high unemployment and the hostile political framework, have extended to the continent a kind of neo-Thatcherism, based on a harsh neoliberal transformation, that not even the past national rightwing governments had been able to  fully accomplish.

To conclude on this point, the mix of austerity and structural reforms cannot be considered a sort of naive political mistake: indeed, it has become the channel of a modern undeclared class struggle, covered under the mantel of the unelected European technocracy.

Complicity
The policy of austerity and structural reforms could not be carried out without the compliance, even the complicity. It is not a coincidence that the historic characteristic of the European political regimes, that is, the alternation between leftwing and rightwing governments, has lost any true relevance.
Not only the fiscal but the whole economic policies are dictated by the Brussels technocracy, and subject to its prior approval.  At all, we witness the humiliation of what remained of the national sovereignty and of a normal functioning of democracy.

Yet, the eurozone policy has become untenable. The governments of a growing number of member States, based on the old mainstream parties, are in trouble, while their popular mandate is agonizing.

In France, François Hollande has got the lowest popular support in the history of the Fifth Republic. In Spain, according to the current forecasts, the government of Mariano Rajoy is going to be defeated in the elections of year-end. In Italy, Matteo Renzi had to seek the help of representatives coming from Forza Italia to implement his rightwing constitutional, electoral and labor reforms, that  could make the envy to past Berlusconi’s governments.

But the scenario is far from stable. The balance moves against the failing eurozone policies.

The recent results of the elections in Portugal are an significant signal. Not only has the center-right government of Passos Coelho lost the absolute majority after four years of subservient government; the major novelty lays in the chance that the whole left-wing array of forces, from Socialist to Left Bloc and Communist Party, is bound to join in a government based on the opposition to the austerity policy. This new leftist alliance, after decades of division, shows a path to a new and possibly winning approach that goes beyond the divide between the sorting out from the eurozone  strategy and the commitment to overthrow the austerity policy.

The exit strategy is, indeed, deeply divisive and allows the governing parties to frighten the public opinion stressing the risks of an abrupt abandon of the single currency. On the contrary, a clear anti-austerity policy can be carried out by a large array of different political forces.

The current eurozone policy is, in fact, based on the Fiscal Compact; that is, an intergovernmental agreement that should be incorporated in the legal European Treaties on 2018 on the basis of its assessment. It was approved in 2012 as a means to step up the solution of the crisis, based on a harsh fiscal policy. The facts have gone in the opposite direction; after three years the cure has proved to be poisonous.

Let us look closer to the Pact.

The Fiscal compact (formally, Treaty on stability, coordination and governance in the EMU), on the one hand, makes binding a balanced budget and imposes (what was new in relation to past treaties) an automatic correction mechanism for its overshooting; on the other hand, extending the provisions indicated by the Maastricht Treaty, sets the obligation to reduce by one-twentieth per year the amount of debt that exceeds 60 percent of GDP.  Clearly, unreachable and self-destructive objectives In a dark context of economic stagnation and mass unemployment.

Consider the Italian case. Over the next two years, at least a cumulative sum of 50 billion euro should be subtracted to the economy to get the budget parity; and, once achieved this target, around 50 billion euro should yearly be reserved to the debt reduction. In France, considering that the current budget deficit is almost double that of Italy, the financial drain would even be greater. In short, a reiterated European deflationary outlook. A foolish outlook, worsened by the slowdown in global growth and the deterioration of the geopolitical situation on the European borders.

The intergovernmental Pact is not only an economic source of disasters. In effect, it states the requisition of the democratic sovereignty of national parliaments in favor of a technocratic unelected body. The Fiscal pact was approved under the blackmail of the financial crisis without any effective debate, while the requests of a popular referendum advanced in some countries, were rejected by governments frightened by the experience of the last referendum, when in 2005 France and Holland rejected by large majorities the European constitutional proposal.

Changeover
Is there an alternative to the current self-defeating eurozone policy? Let us start with the monetary policy.

The quantitative easing endorsed by Mario Draghi, the president of ECB, has been an effective instrument to initially save the euro, but it is sterilized by the fiscal policy deflationary stance. The availability of monetary resources at or below zero interest rate is pointless if, in a stagnating economic framework, there are not companies eager willing to invest.

At this stage, the key of the growth is in a public investment policy. A significant amount of public resources must be devoted to investments in infrastructures, urban maintaining, green economy development, research and education. Briefly, public investments that stimulating the growth could, at the same time, restart the private initiative and boost the employment.

The financial resources aimed to stimulate the growth are also going to be magnified by the fiscal multiplier. And, in a context of interest rate close to zero and high unemployment, it is appropriate, according a number of economists, assume a reasonable estimate of the multiplier at around 2.

 It means that the increase of growth generated by the government spending leads to an extra tax revenue that compensate the deficit, while, at the same time, the debt-to-GDP ratio is reduced by the rise of the denominator**. In other words, it means a reverse of the austerity strategy that generate a perverse negative multiplier bound to reduce the growth and the tax revenues, at once perversely increasing unemployment and debt.

Is this reversal of austerity strategy feasible?
The problem doesn't lay in its feasibility, but in the political determination of the governments (or the current oppositions aspiring to the government): that is, the determination to put an end to the submission to the irrational dictates of the European technocracy, supported by the Schäuble acolytes.

Once acknowledged the failure of the austerity policy, the solution is in the suspension of the implementation of the Fiscal compact until when a meaningful growth rate (three per cent in real terms or nominal five per cent, for example) will be achieved by the countries which are in trouble.

The announced new Portuguese government, which should cover the whole spectrum of the left, from Socialist to the Left Bloc and Communist Party based on an anti-austerity program can be an example. And a possible alliance between the PSOE and Podemos in Spain, after the year-end general elections could give a major impulse to a decisive switch in the eurozone policy.

To conclude, a major alternative to the current European policy looks now possible and achievable. The eurozone austerity based on the Fiscal compact has failed. When a pact aimed to solve a crisis shows its counterproductive outcome, that pact must reasonably be halted. The ancient Romans, master of the law, were adamant that “Ad impossibilia nemo tenetur". That is that no one can be obliged to comply with a commitment become unworkable.

Forecasting the future is hazardous. Yet, this an incontrovertible a matter of fact that eurozone  policy mix of austerity and structural reforms has failed, and it is not destined to last.

We have witnessed the harsh European reaction to the attempt of the first Tsipras government to put an end to the devastating austerity policy of prior Greek governments. The difference vis à vis the majority of the other troubled euro countries is that Greece was blackmailed by the threat of an immediate default on the looming debts owed to IMF and ECB. That blackmail can hardly be repeated in regard to larger eurozone countries such as Spain, Italy or France, without triggering the disintegration of the eurozone.

Reversing the devastating policy implemented by eurozone authorities over the past seven years is perfectly reasonable and feasible. And it  even is the unique chance to save the eurozone from the fundamentalism of its abusive masters.

* Intervention in the conferece on "The Eurozone and the America$ -  Debt and democracy - The Challenge of austerity", at the University of Texas, Austin, November, 1-2, 2005 

 * See the paper of Brad DeLong and Larry Summers published in 2012.

Antonio Lettieri

Editor of Insight and President of CISS - Center for International Social Studies (Roma). He was National Secretary of CGIL; Member of ILO Governing Body, Member of the OECD's Trade Union Advisory Council and Advisor of Labor Minister for European Affairs.(a.lettieri@insightweb.it)- http://antoniolettieriinsight.blogspot.it/

Wonderfully/ Я думал what to

Wonderfully/ Я думал what to introduce myself ugly. Reply to comment | Insight
http://ugo-money.ru/user/Locdof/
At least written to consider as the uniqueness.http://mp3lar.net/user/Locbrike/ So keep !!!

Авторегистратор Каркам Tiny

Авторегистратор Каркам Tiny этот как описано в Reply to comment | Insight
http://www.yasbo.net/home.php?mod=space&uid=46485
http://servis-kigbaevo.ru/user/Pus.Kal/
http://www.hptunion.org/index.php?action=profile;u=608560
http://889908.com/space-uid-191676.html
http://www.zsbbbs.com/home.php?mod=space&uid=85806

Каркам Tiny - модель 2017 года, отличающаяся сверхкомпактными размерами, с качеством съемки Full HD (1920х1080 пикселей при 30 к/с). авторегистратор
авторегистратор
авторегистратор
авторегистратор
авторегистратор
Авто-Видеорегистратор Каркам Tiny работает на процессоре Ambarella A2S70 и имеет такие полезные функции, как «антиблик», «антисон», «копия для протокола», «штамп госномера» и др

Dude, this is really cool!

Dude, this is really cool! You definitely come with awesome articles. Thanks a bunch for sharing with us your web-site.

Dude, this is really cool!

Dude, this is really cool! You definitely come with awesome articles. Thanks a bunch for sharing with us your web-site.

He’s cautious and always on

Тay. I have to say I am quite

Тay. I have to say I am quite obsessed with making lists. Lists help me stay organized sooo much! And having a calendar I can write on also helps out. Great tips! Especially for bloggers.
http://managers712.ucoz.ru/index/8-6554
http://eastlegend.ru/index/8-2226

Approval, praise, admiration.

Approval, praise, admiration. Get to the point!

Approval, praise, admiration.

Approval, praise, admiration. Get to the point!

It's great! That's great!

It's great! That's great! She was beside herself with worry / with grief.

It's great! That's great!

It's great! That's great! She was beside herself with worry / with grief.

When will you go? Make up

When will you go? Make up your mind.
Don't worry. You'll be all right.

Badly written, but. Has your ship ever sunk?

wqThe traditional solid mcm

wqThe traditional solid mcm handbags outlet wood flooring is an nike air force arrogant prada outlet thing, nike outlet the dolphins nfl jersey requirements of kate spade outlet online the pavement is extremely dsquared2 jeans high, the ecco outlet online shop ravens nfl jersey is not good air max one or two ralph lauren years after ray-ban sunglasses the michael kors floor will new balance shoes be longchamp black friday sewn adidas online arch, long champ give you barbour jackets face michael kors to michael kors purses see. Solid ray ban wood converse lock reebok floor through a ralph lauren outlet online special cartier montres tenon design, converse shoes making christian louboutin shoes the board rolex watches and north face the board as tight as mcm handbags the tiger's nike air yeezy mouth, mutual containment. Here I am polo ralph lauren outlet more detailed understanding michael kors of the oakley sunglasses next solid air max 90 wood lock floor phoenix suns vs nike air max traditional floor cheap mlb jerseys it. The traditional mizuno running solid hugo boss clothes wood jazz jersey flooring

is tommy hilfiger an arrogant thing, the requirements nike mercurial of new balance the pavement is cheap michael kors extremely indoor soccer shoes high, the nike outlet store shop atlanta hawks jersey is beats audio not handbags outlet good one or two years after the floor michael kors will hollister co be open from the instyler arch, give you fake rolex face to see. knockoff handbags Many of softball bats the hollister shops givenchy handbags have oakley just been completed cavaliers jerseys after the floor has been arch, lacoste outlet online and patriots nfl jersey the decoration has long lunette ray ban been gone. red bottoms Some serious nike tracksuits arch phenomenon, the broncos nfl jersey arch even ray ban outlet the door are not switch. giuseppe shoes Many people mbt mens shoes even the north face outlet willing to abandon the solid wood nike roshe flooring handbags outlet and nike roche run choose composite floor, burberry outlet mostly because

of this problem. Then nike there are many solid cheap jerseys wood flooring for the timberland shoes so-called fixation, and nike huaraches extensive designer handbags use of kate spade bags glue. basketball shoes Do not know ralph lauren outlet online the wood fear of the tide, and puma sneakers glue are mostly nike free run water-based, wood longchamp floor baseball bats moisture absorption air jordans is watches canada inevitable ipad mini cases from hollister the arch. thomas sabo "Tiger's nike shoes outlet mouth" the north face solid wood floor charlotte hornets jerseys lock technology to hilfiger online shop absorb brooklyn nets jersey the ancient Chinese tenon structure air jordan shoes of coach factory outlet the excellent characteristics. Through the special tenon vans shoes design, chi hair making the board and michael kors outlet online the nba jerseys board michael kors outlet online as the tiger's mouth as giants nfl jersey closelyThe ralph lauren traditional solid wood flooring is ralph lauren outlet online an arrogant thing, the requirements of michael kors bags the pavement marc jacobs is extremely burberry sale high, the shop ralph lauren outlet is ralph lauren black friday not good one trail blazers jersey or pandora jewelry two air jordan retro years after the floor will be sewn arch, give you face to hermes birkin bag see. Solid coach factory outlet online wood lock floor through a special tenon coach outlet online design, making ray ban outlet the seahawks nfl jersey board ralph lauren uk and the board as tight as the burberry sale tiger's mouth, mutual containment. Here coach store I mcm handbags am more detailed understanding longchamp of the next oakley sunglasses outlet solid wood ralph lauren polos lock floor vs traditional floor wizards jersey it. The traditional solid wood burberry handbags flooring

is an arrogant thing, the requirements of the pavement is cheap oakley sunglasses extremely high, the shop is not good one or two swarovski online years after the air max 90 floor salvatore ferragamo will chi flat iron be open from the arch, give you coach purses factory face to see. oakley Many of the shops have just been completed after prada sunglasses the floor has been cheap clothes arch, and the decoration nike outlet has long vans been vans gone. celine black friday Some kids hoodies serious cheap jerseys arch phenomenon, hollister kids the coach factory arch even the door adidas are not michael kors handbags switch. jimmy choo outlet Many people even willing timberland boots to abandon the prada solid wood flooring nba jersey and bengals nfl jersey choose composite floor, mostly because

of this swarovski problem. converse sneakers Then bcbg max there longchamp handbags are many solid burberry handbags wood flooring cowboys nfl jersey for tory burch handbags the azcardinals nfl jersey so-called fixation, and barbour outlet online extensive use of glue. occhiali oakley Do not tn pas cher know ray ban the jordans wood fear dallas mavericks jerseys of the tide, and glue are coach handbags mostly pandora schmuck water-based, wood floor moisture absorption is inevitable from the arch. "Tiger's mouth" philadelphia 76ers jerseys solid wood floor lock technology to air max 2015 absorb the ancient Chinese tenon structure of air max the puma online excellent characteristics. steelers nfl jersey Through the golden state warriors jerseys special tenon nike free run 5.0 design, making the board toms shoes outlet and cheap jerseys the board swarovski canada as the tiger's mouth as closelyThe replica rolex traditional toms shoes solid north face wood flooring is tommy hilfiger an arrogant thing, the nike air max requirements of the tommy hilfiger pavement is huarache extremely high, the ray ban sunglasses outlet shop is not nike free good fossil uhren one or two years texans nfl jersey after the ferragamo floor will be sewn arch, give cheap true religion you face to cheap mlb jerseys see. juicy couture outlet Solid wood lock floor giuseppe zanotti sneakers through hollister a special tenon design, making the omega board toms shoes and the board as michael kors canada tight celine bags as hermes bags the tiger's mouth, mutual containment. Here denver nuggets jersey I am more detailed asics understanding of the orlando magic jersey next panthers nfl jersey solid adidas wood adidas outlet lock floor vs traditional floor it. The traditional solid wood oakley black friday flooring

is an coach outlet online arrogant jordans thing, the requirements of the michael kors outlet pavement is cheap nike shoes extremely high, coach store online the cheap barbour jackets shop nike air max 2014 is not good polo ralph lauren one or two years after the floor will beats by dr dre be open from beats by dr dre the air max arch, give swarovski jewelry you face marc jacobs to see. Many salomon of nike mercurial the colts nfl jersey shops have just been completed under armour curry after the longchamp floor lunette oakley has levi's jeans been christian louboutin arch, and nfl jerseys the decoration has long been gone. north face Some serious adidas outlet arch north face phenomenon, the arch oakley sunglasses cheap even the door nike air max are ray ban outlet online not switch. michael kors bags Many people oakley sunglasses outlet even willing to rams nfl jersey abandon ray ban sunglasses the solid wood flooring and choose composite floor, burberry handbags outlet mostly burberry outlet store because

of coach outlet sale this problem. Then there bcbg max azria are many cheap ray ban solid burberry sale wood flooring for the so-called fixation, and valentino extensive use jimmy choo shoes of toms shoes glue. louboutin outlet Do not packers nfl jersey know the cheap oakley sunglasses wood fear new balance of the tide, and glue are mostly water-based, new balance outlet wood floor moisture absorption is inevitable from the longchamp outlet arch. "Tiger's ray bans mouth" katespade solid wood coach outlet floor 49ers nfl jersey lock nike air max technology pandora to oakley sunglasses absorb nike the ancient jordan jerseys Chinese tenon structure of the excellent buccaneers nfl jersey characteristics. Through the toms shoes special lions nfl jersey tenon clippers jersey design, making calvin klein underwear the coach store outlet board and the board nike as cheap oakley the tiger's bottega veneta mouth as closelyThe traditional adidas solid cheap glasses wood flooring cheap nhl jerseys is michael kors an arrogant hogan thing, the requirements armani shoes outlet of toms.com the pavement is extremely cheap nhl jerseys high, the ray ban sonnenbrillen shop philipp plein clothing is ralph lauren outlet not good one or nike air max 2014 two years oakley after ferragamo shoes the browns nfl jersey floor will burberry handbags outlet be toms outlet sewn versace clothes arch, nike roshe give you barbour jackets face to see. converse Solid occhiali ray ban wood lock floor louboutin through a special tenon design, pandora making kobe bryant jerseys the rolex replica board ray ban and ralph lauren the board ralph lauren as burberry tight as the tiger's mouth, mutual containment. Here I am more detailed toms shoes outlet understanding michael kors outlet online of the air max next solid wood lock floor vs traditional air force floor swarovski jewelry it. pacers jersey The traditional solid wood flooring

is an coach black friday arrogant asics gel thing, the requirements of north face jackets the true religion jeans women pavement michael kors outlet online sale is nike shoes extremely jerseys from china high, the shop is not good one michael kors outlet or two years after the juicy couture floor will be open from omega watches the arch, give you face to see. kings jersey Many of five finger shoes the nike canada shops have just been completed after michael kors black friday the discount shoes floor has been true religion arch, north face outlet and the hogan outlet decoration has long been gone. hollisterco Some cheap true religion serious arch roshe phenomenon, fendi bags the longchamp outlet arch nike even coach outlet canada the door are not switch. Many oakley vault people even vikings nfl jersey willing pandora uk to abandon the tory burch handbags solid wood flooring oakley canada and choose composite grizzlies jersey floor, mostly because

of this ray bans problem. Then there true religion outlet are many redskins nfl jersey solid wood polo ralph flooring for the so-called louboutin outlet fixation, tommy hilfiger and true religion jeans men extensive use of tory burch shoes glue. Do thomas sabo not know the cheap michael kors wood fear roshe runs of the ed hardy tide, and glue are mostly hermes water-based, wood floor moisture iphone 5 cases absorption titans nfl jersey is inevitable from the arch. michael kors taschen "Tiger's mouth" solid air max one wood timberland outlet floor lock plein outlet technology bills nfl jersey to absorb nike Air Max Plaza the ancient replica rolex Chinese tenon structure burberry of ray ban sunglasses outlet the excellent characteristics. rockets jersey Through the special michael kors tenon design, making the nike.com board and the kevin durant jersey board raptors jersey as the tiger's new orleans pelicans mouth swarovski crystal as burberry outlet online closelyThe knicks jersey traditional mcm bags solid tory burch outlet wood chargers nfl jersey flooring is an arrogant burberry thing, mcm bags the eagles nfl jersey requirements of the dwyane wade jersey pavement saints nfl jersey is extremely high, the shop is not good one michael kors handbags or two years after jets nfl jersey the floor will bears nfl jersey be sewn arch, give aktienkurse adidas you face to see. Solid wood lock ralph lauren online shop floor michael kors handbags through coach handbags a special tenon design, oakley sunglasses outlet making the board and the adidas canada board horloges as tight as the tiger's mouth, prada shoes mutual containment. Here I am nba jersey more detailed understanding of the next hollisterco solid ray ban black friday wood lock babyliss pro floor vs traditional prada handbags floor it. The new balance canada traditional solid wood flooring

is an arrogant thing, ralph lauren online the timberwolves jersey requirements of the pavement hilfiger outlet is extremely nike air huarache high, the shop chrome hearts store is p90x not good one or two years after michael kors the michael kors handbags floor will be open roshe run from ray ban wayfarer the oakley sunglasses arch, cheap jordans give michael kors purses you face to see. Many of the shops have soccer shoes just ray ban been completed pandora charms after the floor has been falcons nfl jersey arch, barbour jackets and the decoration has long been gone. Some serious michael kors purses arch eyeglasses stores phenomenon, the arch even the omega watches door are not switch. Many people cheap oakley sunglasses even willing jordan to abandon the solid wood flooring and ralph lauren factory store choose composite floor, mostly because

of polo ralph lauren outlet online this problem. Then polo ralph lauren there are louboutin uk many michael kors solid wood jaguars nfl jersey flooring wedding dresses for woolrich mens jackets the so-called fixation, and extensive oakley vault use hilfiger outlet of nike glue. Do dre beats not free run know chiefs nfl jersey the supra shoes wood fear of the tide, and burberry sale glue are mostly dsquared2 outlet water-based, coach factory online wood boston celtics floor moisture absorption is inevitable san antonio spurs jersey from the arch. "Tiger's mouth" solid wood north face backpacks floor lock ray ban outlet technology kate spade outlet online to mont blanc absorb red bottom shoes the ancient coach handbags outlet Chinese coach bags tenon structure of veneta the excellent characteristics. Through the special tenon chaussure timberland design, bucks jersey making the ralph lauren polo board and the raiders nfl jersey board as northface the tiger's mouth as closely

I searched high and low for

I searched high and low for my lost cat.
http://scorecenter.prestonsproductions.com/community/index.php?topic=184...
Take it easy.

pandora charms uk Mens

pandora charms uk
Mens Sunglasses
Tiffany
louis vuitton factory outlet
burberry canada
nba mock draft
burberry outlet
authentic prada outlet online
prada outlet
Dreamland Jewelry - Official
Prada Shoes - Official
Prada bags
nike running
kate spade handbags
nike outlet
michael kors tote
Nike Air Jordan
north face outlet
Clothing
ugg boots uk
Burberry Shirt - Official
coach handbags
Mizuno Running Shoes
oakley frogskins sunglasses
chrome store
Oakley Sunglasses
prada outlet online
michael kors bags outlet
myhermes
pandora bracelet charms
coach outlet us
michael kors outlet online
louis vuitton handbags
prada bags outlet
burberry
michael kors outlet online
myhermes parcel shop
Nike Zoom
mlb store
chrome store
Gift
pandora bracelet
ray ban sunglasses
moncler outlet
canada goose sale
ugg uk
nfl schedule
pandora uk
mlb jerseys
mlb shop
ray ban sunglasses
michael kors outlet
nike air huarache
balenciaga outlet
shoes online sale
michael kors factory outlet
official
coach australia
prada bags
snow boots
polo outlet
salomon hiking shoes
Ray Ban Outlet
Burberry Australia
kate spade outlet online
michael kors online
coach outlet
prada bag
Oakley Australia
chrome hearts earrings
KD 8 shoes
Tiffany and Co.
Pandora Bracelet - Official
Hugo Boss Online
oakley australia
kate spade
nflshop com
Sports
Football Jerseys Outlet
prada outlet
adidas australia
mens sunglasses
ugg boots
Table
coach tennis shoes
rayban prescription
payless shoe source
kate spade handbags
ralph lauren australia
shoes sale
pandora bracelets charms
TCO
michael kors bags
nba score
michael kors us
coach crossbody
moncler outlet
yeezy boost 350 white
michael kors bags
balenciaga bag
Online Marketing
chrome store
nfl jerseys
kate spade
nike outlet
coach online
michael kors
Nike Free Run
Jewelry
Wedding Rings- Official
pandora bracelet
Zales Jewelry
prada men
beats studio
prada outlet prices
moncler men jackets
Oakley Australia
prada outlet
chrome store canada
louis vuitton outlet
prada wallet men
longchamp outlet
payless shoe
Salomon Speedcross Shoes
sunglasses
coach factory outlet
kate spade
Products Made in China
payless shoe store
hermes parcel
coach carter
pandora.com
pandora rings uk
Jewelry Armoire - Official
north face outlet sale
Flatware
pandora charms sale
pandora deutschland
Jewelry
coach factory outlet
uggs outlet
pandora sale
oakley holbrook glasses
mcm factory outlet
Coach Australia
Prada Shoes - Official
prada sunglasses
ray-ban aviator
pandora uk
Wine
pandora uk
yeezy boost 350
Gift Card
prada outlet online
prada saffiano
ray ban aviator
chrome hearts outlet
michael kors wallet
piumini moncler replica
Prada Sunglasses - Official
rayban eyeglasses
prada outlet california
Cheap Ray Ban
moncler jacket
pandora charms sale
coach outlet usa
pandoracharms
hermes belt
online shoes
ray-ban glasses
Ray Ban Australia
dre beats
pandora earrings
Coach Bags
nike shox
Nike Air Jordan
moncler clothing
ray ban sunglasses
pandora necklace charms
air jordan shoes
nike huarache shoes
nike shoes
pandora rings
Nike Free
kate spade black friday
louis vuitton outlet online
ray-ban outlet
Nike Air Max
coach outlet online
payless shoe store near me
ua shoes
louis vuitton outlet online
prada bags prices
Dinnerware
Prada Sunglasses - Official
ray-ban aviator
pandora earrings
prada online
Diamonds
pandora rings
Mobile Phones
louis vuitton outlet
pandora sale
balenciaga us
kate spade newyork
prada handbags
michael kors outlet
louis vuitton us
tracking ups
pandora rings
ray ban prescription sunglasses
celine factory outlet
michael kors bags
louis vuitton
homepage keywords
chrome hearts
ray ban wayfarer sunglasses
michael kors
kate spade bags
tiffany and co
coach outlet
authentic shoes
Nike Air Jordan
oakley frogskins
michael kors handbags
coach outlet
moncler jacket
michael kors outlet online
salomon sneakers
michael kors outlet
ugg boots sale
michael kors handbags
coach outlet
michael kors online
Sunglasses for men
prada outlet bags
moncler jacket
top sunglasses
adidas shoes australia
ray ban uk
nike air
burberry outlet
prada sale
coach bags
prada handbags
MIZUNO Shop US
coach outlet
balenciaga bags
kate spade online
louboutin shoes
coach
pandora jewelry
prada bags on sale
nfl fan shop
michael kors uk online
prada outlet price
ray ban aviator sunglasses
Nike Free Run
louis vuitton
kate spade canada
ups com tracking
michael kors australia official
ralph lauren polo
Wedding Registry
michael kors outlet
Nike Hyperdunk 2015
louis vuitton outlet
mlb.com
nike id
mk outlet
kate spade black friday
MIZUNO Shop On Line
brand sunglasses
prada outlet
prada outlet nj
Accessories
kate spade italian
shoes online
Engagement Rings - Official
prada clearance sale
michael kors
Nike Dunk SB Low
Oakley Sunglasses
coach outlet online
Oakley glasses
ray ban polarized sunglasses
prada bags
pandora rings
Mizuno Wave
sunglasses hut
pandora rings
ugg uk
michael kors outlet
nfl shop com
chanel australia
ups tracking number
christian louboutin shoes
Nike Free
polo online
michael kors outlet
prada bags
kate spade handbags
kate spade bags
2015 Nike Dunk
pandora bracelet
kate spade
abercrombie canada
moncler down jackets
ugg slippers uk
louis vuitton outlet online
Home
jordan shoes
ray ban online
michael kors shoes
discount nfl jerseys
louis vuitton outlet online
coach outlet
rayban prescription glasses
gel kayano
Coach Outlet Store
nike air max 2013
Watches
Sterling Silver Flatware
shoes online
Minisinbox
coach australia
ups shipping
nike shoes
official rayban
nfl store nyc
nba finals
sunglasses sm
north face outlet online
Nike Air Jordan
salomon mens shoes
kate spade outlet
burberry outlet online
nike air max
coach shoes
rayban sunglasses
kate spade bags outlet
yeezy boost 350
sunglass hut
Air Jordan
coach outlet online sale
pandora australia
Jimmy Choo Australia
pandora charm bracelet
Kay Jewelers - Official
michael kors outlet online
nba store
michael kors outlet clearance
coach purses
coach factory outlet online
prada outlet
Nike Air Jordan
ray-ban wayfarer
chanel bag
Prada Outlet
kate spade bags
my hermes tracking
Promise Rings - Official
Abercrombie Fitch
hermes handbags
moncler us
mcm outlet
prada outlet online
coach outlet
Jared Jewelry - Official
ray-ban sunglasses
Michael Kors Outlet
nike huarache
kate spade outlet
mlb jerseys
michael kors outlet
brand sunglasses
spades uk
tiffany co
snow boots uk
beats by dr dre
dr dre beats
pandora charms
pandora charms 2016
Wave Prophecy 2 Shoes
pandora charms cheap sale
snow boots
ray ban new wayfarer
nfl shop coupon code
ray ban polarized
boots
wayfarer sunglasses
CHanel Factory Outlet
tiffany and co
official prada site
nfl store
pandora rings
Nike Air Max
tiffany australia
louis vuitton factory outlet
coach watches
beats by dre headphones
polo outlet online
Air Jordan
pandora charms uk
prada outlet
kate spade outlet
pandora jewelry charms
Football Jerseys Outlet
Diamond Rings - Official
ugg slippers
pandora necklace
Mizuno Shop Japan
nike free shoes
Chanel bags Outlet
Shoes
ray ban sunglasses
classic
kate spade purses
michael kors outlet
chrome hearts
pandora jewelry
Mizuno Shop
moncler down Jackets
pandora rings uk
prada purses
yeezy boost 350 black
chrome hearts jewelry rings
Nike Air Max Lunar
prada outlet
ray ban prescription glasses
Jewelry Armoire - Official
louis vuitton australia
prada outlet online
burberry purse
payless boots
huaraches shoes
nike air max
beats headphones
celine outlet online
coach shoes
burberry outlet canada
coach outlet online
kate spade outlet
burberry outlet online
nbastore
Gift Certificate
Jordan Flight 45 Femme
burberry online
kate spade outlet online
michael kors outlet
Coach outlet online
coach usa online
official prada site
canada goose jacket
Birkin Bag Hermes
Longchamp Outlet
China Wholesale
michael kors outlet
Hyperdunk 2016
prada outlet bags
beats audio
payless sandals
pandora rings
payless shoes near me
canada goose outlet
nike shox
Nike Air Jordan
coach bags
pandora jewelry
coach australia
chrome hearts
canada goose mens
prada outlet texas
chrome hearts jewelry
coach usa
nike australia
coach sunglasses
adidas yeezy boost 350
coach outlet online
louis vuitton factory outlet
rayban glasses
sunglasses store
pandora charms sale clearance
pandora jewelry
michael kors bags
2017 Nike Air Max
pandora jewelry
coach wallets
Longchamp Sale
michael kors shoes
Air Jordan
rayban sunglasses
canada goose jacket
prada us
coach outlet online
nfl pro shop
Mizuno Shoes
ray ban
nike store
the beat
coach outlet store
ray-ban eyeglasses
michael kors factory outlet
ray ban new wayfarer sunglasses
pandora online
Cheap coach purses
ray ban sunglasses
ray ban sunglasses
nike com
michael kors outlet
nike shox
adidas shoes
Vase
michael kors bags
nike free
ups ground tracking
nfl apparel
Dreamland Jewelry - Official
michael kors outlet online
official chrome hearts
michael kors outlet
canada goose kensington parka
louis vuitton factory outlet
Hugo Boss Store
nfl shop
Nike Air Jordan
prada bags 2016
chrome hearts jewelry rings
michael kors wallet
pandora charms
payless shoes online
chrome hearts outlet
prada outlet store near me
official michael kors
rayban wayfarer
Nike Air Jordan
adidas australia
michael kors
sunglasses online
nba jerseys
pandora bracelet charms
celine outlet
beats by dre studio
pandora australia
pandora charms
pandora bracelet
michael kors outlet
kate spade online outlet
michael kors purses
kate spade italy
coach outlet
pandora charms
cheap mlb jerseys
coach outlet online
prada bags outlet
Air Max
louis vuitton purses
nba shop
huaraches
ugg
pandora charms sale clearance
michael kors outlet
coach outlet
chrome store
prada bags
kate spade handbags
chrome store
coach shoes for women
ray ban wayfarer
pandora bracelet charms
Drinkware
nba schedule
hermes uk
ups tracking
pandora bracelet
tiffany australia
prada outlet online
Nike Zoom
pandora australia
yeezy boost 350 shoes
payless coupons
Air Max
Tiffany And Co
pandora rings uk
rayban sunglasses
michael kors uk online
Wave Prophecy 2 Shoes
kate spade uk
coach factory outlet
nba scores
chrome hearts
coach factory
michael kors australia
adidas
michael kors outlet online
prada sale
Home Accessories
chrome hearts jewelry for men
prada online
michael kors bags outlet
pandora jewelry
coach outlet online
moncler outlet
pandora charm bracelet
michael kors tote
pandora app
Salomon Running Shoes
michael kors watches
pandora charms
shop mlb
Nike Air Max
pandora bracelet
louis vuitton online sale
kate spade wallet
burberry australia
prada official site
mlb clothing
Jimmy Choo Shoes
ray ban aviator
softball jerseys
pandora sale
ugg
prada shoes for men
Michael Kors
pandora bracelet
sunglasses
ray ban outlet
coach outlet
ray ban eyeglasses
Salomon Shoes
coach outlet online
moncler jackets
Air jordan Femme 2015
prada outlet bags
ups freight tracking
Canada Goose Outlet
coach outlet online
adidas yeezy boost
Gift Registry
Oakley Sunglasses
Hermes Outlet
Hugo Boss Outlet
michael kors watches
prada outlet online
mk outlet online
coach handbags
salomon shoes
michael kors bags outlet
Abercrombie Nederland
asics gel kayano
prada handbags
kate spade handbags
Phones
pandora earrings
burberry scarf
pandora uk
michael kors handbags
louis vuitton australia
pandora jewelry sale
kate spade
Nike Free
michael kors
coach outlet online
mlb store
payless shoes coupons
christian louboutin uk
louis vuitton 80% off
mcm outlet online
hermes parcel shop
official kate spade website
nike air max
louis vuitton bags
Coach Handbags
Air Jordan
payless shoes
prada outlet online sale
pandora official site
coach handbags outlet
Coach Sunglasses Outlet
prada outlet
rayban outlet
burberry australia
oakley holbrook sunglasses
Jared Jewelry - Official
nike air max
nba standings
coach handbags sale
coach outlet
beats by dre
mlb news
official michael kors
import sunglasses
yeezy boost 350 Pink
michael kors
louis vuitton australia
fox fur
Air Max
ray ban glasses
ray ban clubmaster sunglasses
michael kors online
cheap ray ban sunglasses
pandora rings
sunglasses outlet
dr beats
drum beats
Ray Ban sunglasses
chrome hearts jewelry
asics gel
pandora charms
oakley sunglasses
kate spade outlet online
nbashop
my herm茅s
pandora necklace
michael kors outlet
pandora charms
nike air max 90
michael kors outlet
Wedding
pandora charms sale
Home
nike free run shoes
Jordan Aero Mania Homme
ray ban wayfarer
dr dre headphones
adidas shoes
coach outlet online
coach factory
pandora bracelets
coach factory outlet
Kate Spade - Online Sale
coach outlet
kate spade outlet store
prada outlet sale
BURBERRYburberry australia
pandora outlet
huarache nike
nike jordan shoes
Brighton Jewelry - Official
mlb apparel
north face sale
burberry scarf
pandora bracelet
pandora charms
michael kors
coach totes
Nike Jordans
Sunglasses outlet sale
pandora jewelry
burberry online
Air Max
burberry scarfs
kate spade black friday
prada factory outlet
ray ban sunglasses
longchamp outlet online
pandora jewelry
michael kors purses
prada handbags
prada online
Longchamp tote
oakley glasses
yeezy boost
Phones case
Ray Ban Outlet store
nike outlet
chrome hearts us
michael kors uk
kate spade
rayban aviator
michael kors outlet bags
Baseball Jerseys Outlet
Mizuno Shop Japan
pandora rings
Coach Outlet
chrome hearts jewelry
prada online
michael kors outlet online
salomon boots
baseball jerseys
prada bags
ugg australia
poly sunglasses
burberry outlet
coach factory outlet
Nike Hyperdunk Shoes
michael kors outlet
chrome hearts
rayban prescription sunglasses
pandora uk
Company
prada outlet woodbury
ray-Ban sunglasses
chanel
ray ban clubmaster
Nike KD 8
coach factory outlet
beat maker
coach factory outlet
louis vuitton bags
chrome hearts earrings
michael kors outlet online
ray ban sunglasses
Tiffany Co
pandora bracelets
cheap moncler jacket
michael kors factory outlet
mlb shop
oakley holbrook.
coach outlet
chrome hearts canda
andora charms cheap sale
rap beats
Coach Outlet Online
tiffany co
prada outlet online
Baseball Jerseys Outelt
michael kors outlet online
Electronics
nba playoffs
nike shoes
pandora charms
Nike Air Max
burberry us
pandora charms 2016
prada outlet online
kate spade outlet
Nike Air Max
prada glasses
nba store nyc
michael kors outlet
kate spade UK
Abercrombie Outlet
Watches
Chanel Outlet
louis vuitton
Nike Jordan Shoes
prada sale
China Manufacturers
kate spade wallet outlet
asics kayano
beats dr dre
Bridal Registry
Michael Kors Canada
hermes bag
moncler coats
moncler sale
canada goose sale online
pandora charms
louis vuitton sale
michael kors outlet
Premier Jewelry. - Official
coach sunglasses for women
kate spade outlet
Nike Air Max
chrome hearts uk sale
prada bags
pandora rings
official coach outlet site
pandora rings
burberry outlet
Prada Sunglasses - Official
mlb com shop
Kevin Durant Shoes
Hermes Belt
kate spade bags
rayban aviator
kate spade outlet
Brighton Jewelry - Official
asics shoes australia
michael kors bags
China Suppliers
Premier Jewelry - Official
Nike Free Run
ugg boots
Basketball Jerseys Outlet
beat headphones
Nike Air Max TN
oakley frogskins glasses
pandora bracelet uk
prada bags
louis vuitton outlet
pandora bracelet
Basketball Jerseys Outlet
oakley glasses
kate spade bags
ray ban wayfarer
chrome store uk
canada goose coats
michael kors outlet online
Hockey Jerseys Outlet
prada uk
pandora necklaces
nike air max 95
shop mlb
major league baseball
nfl store near me
pandora uk
Shopping Online
louis vuitton outlet
michael kors uk
michael kors canada
me adc5.19

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.